Milton Keynes Council’s economic development team has reported that unemployment benefit claimants fell from 5,627 (3.4%) in May to 5,194 (3.1%) in June – a drop of 433 people.
Long term unemployment – people on Jobseeker’s Allowance – also fell slightly between May and June this year.
And the rate of unemployment in Milton Keynes also fell year on year, from 3.9% in June last year to 3.1%.
Cllr David Hopkins pictured, cabinet member responsible for the local economy, said: “This is great news but I’m not that surprised.
“We have a very strong economic base here, a high-quality workforce, and hundreds of local small and medium-sized businesses thriving and bustling. We also have one of the highest levels of business start-ups in the country.”
The figures follow announcements that Japanese car giant Honda is to locate its new F1 operation base in Milton Keynes and that the city is to be home to a £150 million Catapult Centre for integrated transport systems.
The centre will create local jobs and investment in a sector where there is expected to be huge growth, Cllr Hopkins said.
He added: “Unemployment remains a concern but it is falling and we are committed to assisting in growing our local economy, creating jobs and ensuring that Milton Keynes is always open for business.”